Budget 2024 Highlights: Custom duty on gold, mobile phones reduced; income tax structure revised - Check Details
Budget 2024 Highlights, India Union Budget 2024-25: This years Budget will be keenly watched as several major economies in the world have been struggling. India, on the other hand, has retained its tag as the fastest-growing economy.
Budget 2024 Highlights, India Union Budget 2024-25: Union Finance Minister Nirmala Sitharaman on Tuesday presented the Budget for 2024-25, her 7th straight presentation surpassing the record of former prime minister Morarji Desai.
This is the first Budget during Prime Minister Narendra Modi-led government's third term in office.
This year's Budget will be keenly watched as several major economies in the world have been struggling. India, on the other hand, has retained its tag as the fastest-growing economy.
Also, all eyes will be on announcements related to Tax Reforms as there are expectations that the government may announce changes in income tax slabs and rates to give relief to the middle class. This is expected mainly because of the Assembly elections in three states. However, the first Budget of a government is usually the one with the toughest decisions. It will be therefore interesting to see every announcement made during the Budget 2024.
Follow Zee Business Blog for all the updates on the Union Budget 2024
Latest Updates
Budget 2024: Cement Manufacturers Association (CMA) Applauds Focus on Infrastructure Development and Decarbonisation in Union Budget FY25
"The Cement Manufacturers’ Association (CMA) today welcomed the Union Budget 2024-25 presented by the Honourable Finance Minister Nirmala Sitharaman. The Budget presents a commendable vision for India’s economic growth, with a strong emphasis on infrastructure development, employment generation and energy security. Against the backdrop of global uncertainties and inflation, the Union Budget 2024-25 is transformative and forward looking with an eye on fiscal consolidation. The announcement of INR 11 lakh crore capital expenditure signifies the Government's commitment to modernising India’s infrastructure through various significant projects and allocations, which will undoubtedly drive demand for Cement and other building materials. These initiatives collectively illustrate the Budget's comprehensive and strategic approach to bolstering India's infrastructure across various sectors," Neeraj Akhoury, President, Cement Manufacturers’ Association (CMA) and Managing Director, Shree Cement Limited.
Union Budget 2024: "Transformative moment for India's renewable energy sector"
"The Union Budget 2024-25 is expected to mark as a transformative moment for India's renewable energy sector, reaffirming the government's commitment to sustainability, energy security, and economic growth. The PM Surya Ghar Muft Bijli Yojana is an initiative which is not only revolutionizing energy accessibility and affordability but also expected to generate substantial employment opportunities in solar panel manufacturing and maintenance while demonstrating the possible tangible benefits of renewable energy adoption. On the other hand, we eagerly wait to witness the announcement of the policy document on energy transition pathways which is expected to be a significant catalyst in the energy sector. Moreover, the exemption of customs duties on 25 critical minerals and the reduction of duties on two others is a decision that may boost resource efficiency and high-tech manufacturing in the solar sector. The expansion of the list of exempted capital goods for solar manufacturing may further strengthen the country's ability to enhance domestic production capabilities, reducing reliance on imports and fostering self-reliance. Additionally, guidelines for energy efficiency and emission targets for 'hard to abate' industries may reduce India’s carbon footprint. Also, the support announced for pump storage projects is critical for maintaining grid stability and ensuring round-the-clock energy availability. The government's development of a taxonomy for clients to enhance the availability of capital for climate adaptation and mitigation is another noteworthy initiative. This may facilitate the achievement of the country's climate commitments and green transition, providing the financial backbone necessary for sustainable progress," said Dr. Amit Paithankar, Chief Executive Officer, Waaree Energies Limited.
Budget 2024: "Impetus on PM Surya Ghar Muft Bijli Yojana will help fast track nationwide adoption of roof top solar"
“I would like to congratulate the Government for presenting a visionary Budget that focuses on sustainable and inclusive economic growth. I particularly welcome several announcements that reflect the Government’s continued support for the renewable energy sector. The impetus on PM Surya Ghar Muft Bijli Yojana will help fast track nationwide adoption of roof top solar, helping expand our overall RE capacity. The proposed investment in Pumped Storage programmes is a much-needed step that will ensure smoother integration of growing RE, leading to more reliable supply of green power and grid stability. The focus on transitioning hard to abate industries to greener alternatives will catalyze the C&I sector’s journey towards net zero. Introduction of a taxonomy for climate finance will help attract much needed capital for boosting climate resilience. Finally, the expanded duty exemptions will also help propel the RE sector ahead. This is a positive budget for the sector that should help continue the momentum of India’s energy transition and Hero Future Energies remains committed to partnering with the Government in enabling this mission, said Srivatsan Iyer, Global CEO, Hero Future Energies.
Union Budget 2024: "Aligned with the India AI Mission and Viksit Bharat 2047"
“The Union Budget and Economic Survey’s emphasis on technological innovation and digitization sets India on the fast track to becoming an ‘AI-first nation,’ opening new opportunities for collective and inclusive progress from commerce to communities. Leveraging a digitized economy and an AI-ready workforce aligns well with the budget’s priorities towards employment & skilling, innovation, research & development, and productivity & resilience in agriculture. With a diffusion rate surpassing that of any previous technology, India leads the world in AI skill penetration and talent concentration rates. This progress is remarkable, with human capital, businesses, and public sector organizations rapidly adopting new technologies. Aligned with the ‘India AI Mission’ and ‘Viksit Bharat 2047,’ our commitment includes partnerships with the Government of India, various industries, and diverse communities for skilling, training, and development initiatives. This involves equipping 2 million people with AI skills by 2025. We are also transforming agriculture in India working with our partners to implement modernized, AI-driven Agri-Tech solutions to help farmers manage their farms and production and overcome challenges. At Microsoft, we are committed to ensuring AI serves 1 billion citizens in India by 2030. Together, we are building a future-ready unstoppable India, where AI drives innovation, inclusivity, and progress for all,” said Puneet Chandok, President, Microsoft India & South Asia.
Budget 2024 Live Updates: "Crucial step towards enhancing India's climate action by proposing the development of a taxonomy for climate finance"
"The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman has taken a crucial step towards enhancing India's climate action by proposing the development of a taxonomy for climate finance. I was very glad to hear the terms Climate Adaptation funding as it is a non-trivial way to look at financing renewable energy programs. I am hoping to see more clarity on this action and subsequently policies supporting climate adaptation projects as this will redefine the future of energy security for rural communities that bear the brunt of the climate change. Furthermore, the budget highlights the government's commitment to bringing out a policy document on appropriate energy transition pathways. This will provide a roadmap for India's energy transition, outlining strategies and measures to accelerate the adoption of clean energy technologies, promote energy efficiency, and reduce the country's reliance on fossil fuels. By considering the socio-economic implications of the energy transition, the government aims to ensure a just and inclusive transition that benefits all segments of society," said Manoj Sinha, CEO and Co-founder, Husk Power Systems.
Budget 2024 Live Updates: "Taxpayers under the new regime will face lower tax burdens"
"This Union Budget is aimed at enhancing employment, skill development, MSMEs, and the welfare of the middle class. By raising the standard deduction and adjusting tax slabs, taxpayers under the new regime will face lower tax burdens, thus improving their disposable income, which bodes well for consumer spending. The introduction of a clause pertaining to non-deductible expenses in Section 37 for life insurance companies may lead to tax litigation. The proposed hike in Capital Gain Tax is expected to impact the tax liabilities for ULIP policyholders. However, the ULIP holders purchasing policies with premium of less than 2.5 lakh p.a. can continue to avail benefits under Section 10 (10D) and are not liable to pay any tax on maturity. The decrease in TDS rate from 5% to 2% on policy payouts is anticipated to boost customers' liquidity, which is a welcome move," said Rushabh Gandhi, MD & CEO at IndiaFirst Life Insurance
Budget 2024 Live Updates: "Some relief to the salaried taxpayers"
"Budget 2024 has tried to provide some relief to the salaried taxpayers, especially those in the lower tax slabs, in the form of increased standard deduction and some favourable tweaks in the tax slabs under the new tax regime. The proposal to increase deduction for family pension under the new tax regime should also provide some relief to those in the golden years. We welcome the Government’s move to include MSMEs in the 9 priorities of the Budget. The proposed credit guarantee scheme for the purchasing of equipments and machineries by MSMEs, without the need of furnishing collaterals or third-party guarantee, should help in improving the credit flow to the manufacturing MSMEs. We also welcome the announcement of a new credit assessment model for MSMEs based on their digital footprints. Alternative credit scoring models like these would not only help increase access to credit for MSMEs, but would also incentivise adoption of digital payment. However, the most positive announcement is the proposal to set up a new mechanism for ensuring credit access for MSME during financial stress caused by factors beyond their control. The current SMA guidelines restrict the MSMEs from using their existing credit lines when they require it the most. It is good that the government has recognised this problem and we hope that the regulator takes a more nuanced approach towards the unique payment cycle related problems faced by the MSMEs," Naveen Kukreja, Co-Founder and CEO, Paisabazaar.
Budget 2024 Live Updates: "It is a growth-oriented budget"
"The Union Budget would have called for celebrations by the equity market if only the government had not tinkered with the capital gain tax and avoided hiking of the security transaction tax (STT) in the derivative segment. The key highlight of this Budget is the fiscal prudence. The government has pegged the fiscal deficit target at 4.9% despite healthy capital outlay of Rs. 11.11 lakh crore and additional expenditure in the key areas of agriculture & allied sectors, skilling & employment creation, tax relief to middle class and finally providing much higher allocation for development of Bihar and Andhra Pradesh. So overall it is a growth oriented budget and the equity markets would quickly adjusted to changes in the taxation post the knee jerk reaction today," said Gaurav Dua, Head – Capital Market strategy, Sharekhan by BNP Paribas for the Union Budget FY25.
Budget 2024 Live Updates: "Proposed increase in employer contributions to NPS from 10 to 14 percent reinforces the role of employers in fostering long-term financial and social security for their workforce"
“The Union Budget's introduction of the National Pension Scheme (NPS) Vatsalya is a commendable step forward in promoting retirement savings and fostering long-term financial security. By allowing parents and guardians to initiate their minor child’s NPS account, the initiative sets the foundation for responsible financial management from an early age. As these accounts transition into regular NPS plans upon adulthood, they provide a smooth continuation of savings habits into adulthood. Additionally, the proposed increase in employer contributions to NPS from 10 to 14 percent reinforces the role of employers in fostering long-term financial and social security for their workforce. Such measures, supported by entities like Max Life Pension Fund Management, are pivotal in enhancing financial stability for families across India, ensuring every citizen looks forward to a stable retirement,” said Ranbheer Singh Dhariwal, Chief Executive Officer, Max Life Pension Fund Management.
Budget 2024 Live Updates: "Fiscal Prudence Meets Growth Ambition"
"The Finance Minister's 2024-2025 budget strikes a careful balance between fostering economic growth and ensuring fiscal prudence. The budget emphasizes support for MSMEs, youth employment & skilling, and relief for the middle class, while maintaining a strong commitment to infrastructure development. Tax reforms and financial sector improvements are also central, aiming to streamline the economic framework and boost overall economic performance. Although the initial market response to changes in securities transaction tax (STT) on futures and options, along with adjustments in short-term and long-term capital gains taxes, was mixed, the market has since shown resilience. Investors are demonstrating confidence in the long-term outlook, using the budget as an opportunity to accumulate quality stocks. This optimism reflects a broader belief in the budget’s potential to drive sustainable market growth and economic stability," said Gurpreet Sidana, CEO, Religare Broking Ltd.
Budget 2024 Live Updates: "Budget is expected to impact 30 lakh youth by creating new employment opportunities"
"The Budget 2024-25 introduces the Anusandhan National Research Fund and provides incentives for R&D, which will support advancements in the electronics manufacturing sector. With a focus on incentivizing job creation, the budget is expected to impact 30 lakh youth by creating new employment opportunities. The emphasis on R&D and infrastructure development will help build a supportive environment for the growth of electronics manufacturing in India, strengthening the country’s position in the global market," said Sharan Maini, Director of Veira Group.
Budget 2024 Live Updates: "Substantial boost for sectors like high-tech electronics and renewable energy"
"The Union Budget 2024 reflects a forward-thinking approach that will significantly benefit the consumer durables industry and bolster our efforts towards sustainable development. The full exemption of customs duties on 25 critical minerals, including lithium, copper, cobalt, and rare earth elements, is a substantial boost for sectors reliant on these materials, such as high-tech electronics and renewable energy. This policy will not only enhance the availability of these essential resources but also stimulate domestic processing and refining capacities, driving innovation and reducing costs," Pradeep Bakshi, MD & CEO, Voltas Limited.
Budget 2024 Live Updates: "Strategic push for transit-oriented development showcases a forward-thinking approach"
"Budget 2024 stands out for its people-centric vision and powerfully advancing affordable housing in urban areas with a landmark allocation of Rs. 10 lakh crore under the PM Awas Yojana-Urban 2.0. As it targets to meet the housing needs of 1 crore poor and middle-class families, it is expected to boost affordable housing segment and create millions of jobs in the process. The allocation of Rs. 11.11 lakh crore for infrastructural development, along with the innovative PPP model for rental housing in urban centers and the strategic push for transit-oriented development showcases a forward-thinking approach. These initiatives will undeniably propel real estate development in the right direction. Moreover, the reduction in stamp duty for women buyers will help build an inclusive real estate market. In essence, the budget represents a strategic economic boost, ensuring India’s macro growth remains resilient amid global uncertainties. By prioritizing key sectors such as skilling, urban development, and infrastructure, this budget injects crucial energy and momentum into the economy," Mohit Goel, Managing Director of Omaxe.
Budget 2024 Live Updates: "Slight more tax relief should be considered for the middle class salaried people considering their low savings investments"
“The Government has done a commendable job by relaxing individuals income tax slab. It is a great decision for middle-income groups. This group has been struggling to save and barely managed to save with existing tax saving schemes. This refreshing change will allow them to have increased income and contribute to their economic stability. Also, a slight more tax relief should be considered for the middle class salaried people considering their low savings investments,” said CA Inderjeet Singh, Partner, AHSG & Co LLP.
Budget 2024 Live Updates: "Mapping of agricultural land using unique identifier (ULPIN) will help increase credit penetration among farmers"
“The Govt went all out to continue its reforms in agri and allied sectors. The Finance Minister proposed to provide coverage to farmers and their land under digital public infrastructure under which 6 crore farmers and their land will be brought into the farmer and land registry. Furthermore, the push to boost digital agriculture infrastructure is a step in right direction. This mapping of agricultural land using unique identifier (ULPIN) will help increase credit penetration among farmers. This will also help lenders to better gauge the credit profile of farmers. I believe, the proposal will not just bring efficiency in onboarding farmers as borrowers but also reduce instances of defaults. Besides, the abolishing of angel tax on startups will leave entrepreneurs with more capital to develop their businesses and will encourage the startup ecosystem. We can see more investments in businesses with this step,” said Vishal Sharma, Cofounder & CEO, AdvaRisk, an ICICI and NABARD-backed Fintech startup.
Budget 2024 Live Updates: "Boost to private sector-driven research and innovation"
"We applaud the government's special emphasis on skilling, research and innovation, complementing the 'Viksit Bharat 2047' vision, in the Union Budget 2024-25. The Budget's commitment to skilling 20 lakh youth over the next five years through centrally sponsored schemes and the provision of skilling loans will pave the way for cultivating a strong and future-ready workforce. These measures will create pathways for youth to gain essential skills, enhancing employability. We also welcome the focus towards inclusive and holistic growth through a number of other announcements including employment-linked skilling schemes, internship opportunities to students in 500 top companies as well as the allocation of over ₹3 lakh crore to advance women's roles. Another key aspect of the budget is the establishment of the Powering Innovation, R&D Anusandhan National Research Fund. This will indeed provide a boost to private sector-driven research and innovation leading to development of cutting-edge technologies in the country. We commend these visionary steps and are committed to supporting India in nurturing a highly skilled workforce and deep-tech innovations by leveraging our local and global expertise and experience," said Ashish Saraf, VP and Country Director, Thales in India.
Budget 2024 Live Updates: "Robust support for MSMEs and manufacturing sector"
“We congratulate the government on the Union Budget and are heartened to see the robust support for MSMEs and the manufacturing sector. The credit guarantee scheme for MSMEs in the manufacturing sector, with coverage up to Rs 100 crore, is a game-changer. This initiative will spur innovation and growth, providing critical support to homegrown enterprises and elevating India's position in the global manufacturing landscape. The government's decision to reduce the Basic Customs Duty on mobile phones, PCBs, and chargers to 15% marks a pivotal moment for our technology sector. This strategic move recognizes the significant maturation of the Indian mobile industry in recent years and is set to attract global value chains to our shores, enabling large-scale manufacturing operations. These measures collectively ensure a more resilient and innovative ecosystem, benefiting both the industry and consumers. This budget has not only addresses current challenges but also lays the groundwork for a prosperous and self-reliant India in the years to come,” said CP Khandelwal, Joint Managing Director - HTech. CEO - PR innovations & PSAV Global. Establishing Amazfit and HONOR in India.
Budget 2024 Live Updates: "Advanced Urbanisation of cities of india is also focus area"
"Today Finance minister in her budget speech said that the pump storage project shall be focus area in renewable energy projects and this will immensely benefit companies like us to take part in this as we are already in this and executing project in Kunda project. Next the total infra spending is budgeted at 3.4% of GDP which is huge in terms of real numbers and the country shall witness huge spending in all areas of infra-development ahead. In road network also huge spending is budgeted and we will explore opportunity in this also as we have experience of road development in Rajasthan. Advanced Urbanisation of cities of india is also focus area and we will also get benefit out of this as we have executed one project of smart city development in Ujjain. Thermal plant desulphurisation is again getting vital to arrest sulphur emission and we are exploring to tap this opportunity as well. Underground pipe laying for water distribution or irrigation is a continuous process and it will continue giving us opportunity for next 10-15 years," said Vikash Kothari, Managing Director, OM Infra Ltd.
Budget 2024 Live Updates: "Union Budget focuses on positioning India as a global tourism hub "
“We welcome the Union Budget 2024-2025 which focuses on positioning India as a global tourism hub through progressive initiatives. The surge in spiritual tourism has been recognized, and we are excited to see the sector receiving much-needed support in this year’s budget. The development of road connectivity projects, with a special emphasis on spiritual and cultural corridors, underscores the Government of India’s commitment to fueling the growth of the country's rich cultural and spiritual network of tourism,” said Nikhil Sharma, Managing Director and Area Senior Vice President- South Asia, Radisson Hotel Group.
Budget 2024 Live Updates: "Duty reduction will drastically cut down gold smuggling"
"The reduction in import duty on gold has been a long-standing demand for gold retailers, and we are extremely grateful to the Union Finance Minister for addressing this issue in today’s Union Budget by reducing the duty from 15% (including cess) to 6% . This move not only relieves consumers who have eagerly awaited this announcement but is also expected to boost gold demand in the country and create jobs for artisans. High import duty often leads to increased smuggling of gold through illegal routes, which hampers the growth of the organized retail gold trade and results in revenue losses for the government. It is expected that the duty reduction will drastically cut down gold smuggling, thereby curbing illegal trade and enhancing tax revenues. This reduction benefits organized retail jewellers, consumers, and the government, making it a positive development for all parties involved," said MP Ahammed, Chairman, Malabar Group.
Budget 2024 Live Updates: "expansion of skill development programs to Tier-2 and Tier-3 cities resonates with the government's vision of 'Vikshit Bharat 2047'"
"Employment and skilling are important pillars of a growing economy. The government's sustained focus on prioritizing skilling and employment is a commendable step towards enhancing human capital and creating job opportunities for the youth. In today's rapidly evolving world, skill development is critical, and the government's commitment to training 20 lakh young people over the next five years will help them in the job market and foster job creation nationwide, beyond the Tier-1 cities. This initiative aligns with the industry's increasing demand for a workforce equipped with contemporary skills. Further, the expansion of skill development programs to Tier-2 and Tier-3 cities resonates with the government's vision of 'Vikshit Bharat 2047'. These cities are emerging as talent hubs and will contribute to long-term growth and the creation of local employment opportunities. It will also strengthen the pace of infrastructure development and scale the R&D initiatives in the country,” said Atul Soneja, Chief Operating Officer, Tech Mahindra.
Budget 2024: "Budget 2024-25 has provided a big boost to the gems & jewellery sector"
"While the FY 25 budget prioritizes growth through employment, social programs, infrastructure, and innovation, the announced changes to capital gains taxes caused short-term market volatility. Long-term capital gains tax increased from 10% to 12.5%, short-term gains rose from 15% to 20%, and buybacks will now be taxed at the hands of the recipient. Additionally, asset holding periods were simplified: one year for listed financial assets and two years for others. Meanwhile, the STT on Futures & Options contracts has been raised significantly to 0.02% from 0.01%. Budget 2024-25 has provided a big boost to the gems & jewellery sector with slashing of customs duties on gold and silver to 6 per cent from 15 per cent. Despite these tax changes, the budget's focus on long-term growth remains, and India's economic story is still strong. Market confidence is likely to recover, and Indian markets have the potential to reach new heights in the future. In the latest Union budget, the government affirmed its commitment to infrastructure development, with a particular focus on railways and airports. Finance Minister Nirmala Sitharaman announced a lower fiscal deficit for the year 2024-25 at 4.9 per cent of GDP, compared to the targeted 5.1 per cent in the interim budget. Targeted allocations and program extensions were announced for key social groups such as farmers, women, youth, and the underprivileged. FM Sitharaman's initiative to accelerate the IBC process through an integrated technology system is noteworthy, aiming for faster asset resolution with the creation of dedicated tribunals. She also unveiled plans to generate employment opportunities for approximately 4.1 crore youth over the next five years, supported by a Rs. 2 lakh crore allocation. Ensuring strong fiscal support for infrastructure projects over the next five years, she highlighted facilitation of private sector investment through Viability Gap Funding. Phase IV of PM Gram Sadak Yojana is set to launch in 25 rural habitations, responding to increased population needs. This budget aims to stimulate consumption via enhanced outlays for agriculture reforms, employment generation, and urban housing, presenting a significant boost for the consumer sector," said Ajay Garg - Director & CEO, SMC Global Securities Limited.
Budget 2024 Live: "Credit guarantee scheme is going to significantly enhance credit access for MSMEs"
"The Union Budget 2024 focuses on the comprehensive development of the economy by adhering to fiscal prudence, boosting infrastructure growth, and through continued emphasis on four major pillars of society - the poor, women, youth and the farmers. The massive impetus on capex expenditure outlay of Rs 11.11 lakh crore is a testimony to the government's focus on boosting investment activity and further strengthening fiscal health of the economy. As the largest gold loan NBFC in India, we are particularly encouraged by the government’s proposals give priority to MSMEs, women entrepreneurs and the agricultural sector. The credit guarantee scheme is going to significantly enhance credit access for MSMEs. This scheme aligns perfectly with our commitment to supporting small businesses and driving entrepreneurship, particularly among women. Further, the FM has also focused on boosting affordable housing under PM Awas Yojana offering assistance of 2.2 lakh crore rupees in the next five years. This will help in resolving various housing challenges for various lower and middle class families," said George Alexander Muthoot, MD, Muthoot Finance.
Budget 2024 Live Updates: "Policy change will significantly benefit both manufacturers and consumers"
"Transsion India welcomes the Ministry of Finance's decision to reduce the basic customs duty from 20% to 15% on mobile phones, mobile PCBA, and chargers. This policy change will significantly benefit both manufacturers and consumers, fostering a more competitive smartphone market and strengthening our position in the global market. This move will undoubtedly bolster the industry's growth making smartphones more affordable and we remain committed to the 'Make-in-India' initiative to bring the best-in-class smartphones to the ever-evolving Indian market," Arijeet Talapatra, CEO, Transsion India.
Budget 2024 Live: "This budget provides a solid ground for MSME to grow"
“I appreciate the Government of India for supporting the MSME sector. It is a commendable step from the Government that now the MSMEs in the manufacturing sector will benefit to grow without any burden of collaterals, with the Credit Guarantee Scheme for MSMEs which will guarantee a cover up to ₹100 crore. The new way of assessing MSME credit using digital footprints for credit appraisal will be far better than conventional methods and increase credit availability for many businesses. Also, credit support during any stress period will ensure that operations of the MSMEs are kept continuous since this is an important factor influencing the survival and growth of businesses. Increasing the Mudra loans limit up to ₹20 lakh, and strengthening the TReDS platform space covering more clusters with SIDBI will fulfill the needed funds and working capital needs of the sector. The measures for establishing the food irradiation units and quality testing lab will strengthen the base of the food sector both in terms of quality and safety. In summary, this budget provides a solid ground for MSME to grow, compete internationally, and act as a major driver of the Indian economy," said Karthik Kondepudi, Partner - Herbochem.
Budget 2024 Live Updates: "This year's budget marks a shift towards restoring consumption"
“For the last few years, the NDA government's economic policy was strengthening the investment side of the economy and was mainly CAPEX and infrastructure growth led. However, this year's budget marks a shift towards restoring consumption, with a focus on enhancing the purchasing power of the middle class and below and fostering employment opportunities for them. The tools that the government has used in this budget will have a double impact of boosting job creation and increasing the disposable income of lower and middle-income earners. The Union Budget 2024 announcements such as the direct benefit transfer of up to Rs. 15,000 through the Employees' Provident Fund Organization (EPFO) for new entrants to the workforce, the provision of internships with top 500 companies, and the introduction of a monthly internship allowance of Rs. 5,000, along with a one-time assistance of Rs. 6,000, are expected to integrate more individuals into the formal economy. These measures are anticipated to create formal employment for skilled individuals. The adjustments to the new tax regime, including the raise in standard deduction from Rs. 50,000 to Rs. 75,000 and the introduction of new tax slabs, are also positive developments. By increasing disposable income of the middle and below class, we will also see an uptick in demand for discretionary goods and services/ Fintechs and healthcare. This vision will lead to more individuals participating micro savings like in monthly or daily SIPs, becoming more credit worthy for lending institutions. This will push the mutual funds industry towards 20 crore investors much faster than initially anticipated," said Manish Kothari, Co-Founder and CEO, ZFunds.
Budget 2024 Live Updates: "Steps to ease trade, reform manufacturing, and support the start-up ecosystem are vital"
"The Union Budget 2024-25, announced by Finance Minister Nirmala Sitharaman, presents a robust vision for various sectors' enhancement. The new tax regime reforms benefit law-abiding taxpayers. Job creation schemes are proposed across segments, particularly manufacturing, to drive "Vikasit Bharat." Support for MSMEs and manufacturing includes long-term loans for machinery, credit guarantees, and establishing electronic manufacturing clusters, enhancing global competitiveness. Skill development initiatives introduce new courses, revise loans, and develop National Industrial Corridors to connect top companies with CSR funds, aiming to benefit over 1 crore youth in the next five years. The reduction of Basic Customs Duty on mobiles and accessories and PCDA is a strategic move to support these industries. Overall, steps to ease trade, reform manufacturing, and support the start-up ecosystem are vital. Reforms in solar, energy, agriculture, and education are crucial for holistic national development. Notably, the commitment to enhance the inclusion of more women in the workforce by formulation of skill development programs and encouragement of more women entrepreneurs reflects the virtue of them being amongst the decision makers in the future," said Rajesh Doshi, Co-founder & Director at Zebronics.
Budget 2024 Live: "Reduction in TDS rate on e-commerce operators to 0.1% is a welcome move"
“The government's continued emphasis on infrastructure development is commendable. Enhanced road infrastructure will bolster the travel and tourism sector. We also welcome the initiatives to develop iconic spiritual and cultural sites into world class tourist hotspots. The decision to reduce the TDS rate on e-commerce operators to 0.1% is a welcome move. Furthermore, the provision of credit for TCS against income tax under 'Income from Salaries' is logical and will provide much desired relief to taxpayers who travel internationally," said Rajesh Magow, Co-Founder & Group CEO, MakeMyTrip.
Budget 2024 Live Updates: "Holistic budget in each aspect"
“This is a holistic budget in each aspect, the government's decision to allocate ₹10 lakh crore under the PMAY Urban Scheme, targeting 3 crore houses and key focus on rationalising stamp duty for Home buyers especially for women, underscores a robust vision for urban development and will help homebuyers would save the significant amounts, making home ownership more accessible. At macro level sustained infrastructure impetus, reflected in the ₹11.11 lakh crore Capex allocation, we anticipate all these would create a multiplier impact and significant boost in the overall housing sector,” said Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.
Budget 2024 Live Updates: "Plan for freshers and internships will also help the new and potential employees"
"This year's budget is forward-looking and aimed at making India self-reliant while equipping our youth with the skills necessary for employment. The government has announced various plans to tailor courses in collaboration with industry, fostering strong industry-academia partnerships to enhance skill development. Its plan for freshers and internships will also help the new and potential employees. Tessolve is proud to have contributed to upskilling individuals over the past few years. With the government support, this effort will further boost emerging sectors like semiconductors, addressing the skill gap effectively. Additionally, investments in research, including funding for the Anusandhan National Research Foundation, will significantly boost advancements in cutting-edge technologies. Through these steady and strategic investments, we are paving the way for India to emerge as a global superpower," Srini Chinamilli Co-founder and CEO Tessolve.
Budget 2024 Live Updates: "MUDRA scheme's increased loan limit empowers successful entrepreneurs"
"The government's dedication to empowering MSMEs through various initiatives deserves praise. These initiatives, like the Credit Guarantee Scheme, will grease the wheels of manufacturing by simplifying access to loans for critical machinery and equipment purchases. Additionally, Digital Footprints for Credit Assessment will open financing doors for MSMEs without formal accounting systems. The MUDRA scheme's increased loan limit empowers successful entrepreneurs to scale their businesses, while expanding the TReDS platform improves MSME working capital by facilitating easier conversion of receivables into cash. Zetwerk works with over 10,000 small manufacturing partners and these were some genuine issues which were plaguing their growth. The Employment Linked Incentive is a game-changer, offering a helping hand to new employees and motivating manufacturers to create jobs. This will significantly boost the economy and address the manufacturing sector's talent shortage. The development of "plug and play" industrial parks in nearly 100 cities with complete infrastructure is a positive step towards creating a more manufacturing-friendly environment. Measures like reduced customs duty on mobile phones and components, abolishment of angel tax for startups, and the expansion of exemptions for solar cell and panel manufacturing will all contribute to propelling domestic manufacturing and innovation. At Zetwerk, we are committed to building a pan-India manufacturing footprint across electronics, renewables and aerospace & defence sectors and be a key player in India's growth story. We believe the budget's measures will create a more supportive environment for manufacturing, empowering businesses like ours to flourish," Amrit Acharya, co-founder & CEO, ZETWERK.
Budget 2024 Live Updates: "Rooftop solar policy is of latitudinal importance"
"In my view the union budget bodes well for the green energy and renewables sector in India. The initial broad-strokes of policy will foster demand while encouraging the industry to increase capacities. This is complemented by steps to augment energy security. The Government's rooftop solar policy is of latitudinal importance and will not only be a boon for power to every home, it will have an exponential impact on the country's renewable agenda helping us leapfrog to goals. Similarly, pumped storage will be a ground resilience for hydropower," Udit Garg, CEO & Director, Kundan Green Energy.
Budget 2024 Live Updates: "Television manufacturing sector feels somewhat overlooked"
"The recent budget has highlighted manufacturing, infrastructure, and innovation as key priorities, signalling a strategic focus on these areas. However, the television manufacturing sector feels somewhat overlooked, as anticipated incentives and support were not fully addressed. Despite this, the budget's emphasis on skilling and workforce development within the manufacturing sector is a positive step, fostering hope for future growth. This focus on enhancing workforce skills aligns with the goal of positioning India as a global manufacturing hub. The government's commitment to employment and employability is reflected in a ₹1.48 lakh crore provision, which includes incentives for job creation and EPFO contributions aimed at boosting the industrial and manufacturing sectors. With fiscal support for infrastructure set at 3.4% of GDP, the budget aims to strengthen the foundations necessary for driving growth across various industries, including electronics manufacturing. Improved infrastructure, coupled with a skilled workforce, is expected to enhance the efficiency and competitiveness of the electronics manufacturing sector, paving the way for sustained industrial growth," said Arjun Bajaj, Director - Videotex on Union Budget 2024-'25.
Budget 2024 Live Updates: Focus on Infrastructure, energy sector and urban development
“It was encouraging to see the focus given in the budget on Infrastructure, Energy sector and urban development. GIS plays a very important role in these sectors. The Finance Minister spoke about improving productivity in the agriculture sector and digital crop survey in 400 districts. GIS can be an important tool in these as well. The focus on rural land records, GIS mapping for urban land records, and the use of GIS for property tax collection also offer opportunities for the GIS industry. These will improve the income of cities which can be used to improve the quality of infrastructure in cities and to provide better living conditions to the citizens. The investment of more than Rs 11 lakh crores in infrastructure development is also a positive news for the GIS industry,” Agendra Kumar, Managing Director, Esri India.
Budget 2024 Live Updates: "Commitment to boost employability and productivity"
"The Union Budget 2024 presented by Finance Minister Nirmala Sitharaman is a visionary step towards inclusive growth, with a strong emphasis on manufacturing, upskilling, and women empowerment. Youth and participation of women in the workforce hold the key to India’s success. To this end, the focus on extensive training and skill development initiatives demonstrates a clear commitment to boosting employability and productivity. By linking job creation in manufacturing to first-time workers and offering EPFO incentives, the government is paving the way for a robust manufacturing ecosystem, creating 4 crore jobs over the next five years. It is certainly a commendable initiative to boost local manufacturing. Additionally, offering internship opportunities in the top 500 companies to 1 crore youth is a strategic move that will equip our young population with the skills and experience necessary to thrive in a competitive global economy. The establishment of e-commerce export hubs in a PPP model is another significant step taken by the government and will significantly empower MSMEs and traditional artisans to compete internationally. It will open opportunities for Indian players to boost their reach globally while enhancing the ease of doing business and accessing new markets. India has long been an attractive consumer market for international brands, supported by our collaborative and business-friendly policies that enable seamless operations. The export hubs are an efficient step in unlocking similar avenues for homegrown companies, allowing a global stage for their innovation and entrepreneurial mindset, and strengthening India’s position in manufacturing," said Amit Khatri, Co-Founder, Noise.
Budget 2024 Live: "Initiatives reflect a clear vision for fostering innovation and strengthening India's position in the electronics sector"
"We sincerely appreciate the government for introducing measures that greatly bolster the electronics manufacturing sector. The reduction in import duties on key components will enhance our ability to produce high-quality audio devices more cost-effectively, empowering us to provide more affordable options for consumers. The government's commitment to supporting MSMEs and the manufacturing sector is remarkable. The new credit guarantee scheme for machinery purchases, increased Mudra loan limits, and the introduction of e-commerce export hubs will empower companies like ours to expand operations and compete on a global scale. These initiatives reflect a clear vision for fostering innovation and strengthening India's position in the electronics sector. Moreover, we are enthusiastic about the emphasis on skill development and job creation within manufacturing. The centrally sponsored scheme to skill 20 lakh youth and the incentives for hiring first-time workers will contribute to building a robust and skilled workforce. This comprehensive approach is poised to drive growth and technological advancement in our industry, steering us towards a more competitive future," Piyush Jalan, Co-founder and COO of G0V0.
Budget 2024: "Significant measures that directly benefit consumer spending"
“The Union Budget 2024 is highly appreciated as it shows significant measures that directly benefit consumer spending and the nation's economic growth. The initiative to allocate 3 crore more houses under PM Awaas Yojna will heighten the growth of entry-level large consumer durables. The manufacturing sector is being considered by promoting ease of doing business. Incentives for employment in manufacturing and other industries would be expanded, which will promote workforce expansion and strengthen the Made in India campaign. These bonuses are in addition to the current PLI programs. However, some aggressive measures in the light of disposable income would have contributed to growth in consumer spending,” says Avneet SIngh Marwah, CEO SPPL, Exclusive Brand Licensee of Thomson In India.
Budget 2024 LIVE Updates: Budget will help generate many employment opportunities, says PM Modi
"In this Budget, the government has announced ‘Employment Linked Incentive scheme. This will help generate many employment opportunities. Under this scheme, the government will give the first salary to those who are newly entering the workforce. Youth from villages will be able to work in the country's top companies under the apprenticeship program," says PM Modi.
Budget 2024 LIVE Updates: Budget puts emphasis on manufacturing, says PM Modi
This budget emphasizes on manufacturing as well as infrastructure; will speed up growth, says PM Modi.
Budget 2024 LIVE Updates: This budget to empower the new middle class, says PM Modi
Prime Minister Narendra Modi says "In the last 10 years, 25 crore people have come out of poverty. This budget is for the empowerment of the new middle class. The youth will get unlimited opportunities from this budget. Education and skill will get a new scale from this budget. This budget will give power to the new middle class...This budget will help women, small businessmen, MSMEs..."
Budget 2024 LIVE Updates: PM Modi on Budget
"This budget will give power to every section of the society," says PM Narendra Modi
Union Budget 2024 Live: Govt to undertake comprehensive review of Income Tax Act
The government on Tuesday announced that it will undertake a comprehensive review of the Income Tax Act to make it easy to read. Presenting the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman also said the government will come out with SoP (standard operating procedure) for TDS defaults and simplify and rationalise compounding of such offences. She added that two tax exemption regimes for charitable trusts will be merged into one.
Budget 2024 Live Updates: New tax regime announced
On personal income tax rates in new tax regime, FM Sitharaman says, "Under new tax regime, tax rate structure to be revised as follows - Rs 0-Rs 3 lakh -Nil; Rs 3-7 lakh -5% ; Rs 7-10 lakh-10% ; Rs 10-12 lakh-15%; 12-15 lakh- 20% and above Rs 15 lakh-30%."
Budget 2024 Live Updates: New tax regime announced
10 per tax on income between Rs 7 lakh to Rs 10 lakh
No tax on income up to Rs 3 lakh
5 per cent tax on income from Rs 3 lakh to Rs 7 lakh
Budget 2024 Live Updates: Standard deduction limit increased
FM Sitharaman said that the standard tax deduction for salaried people has been increased to Rs 75,000 from Rs 50,000.
Budget 2024 Live Updates: New tax slab announced
FM Sitharaman announced a new tax slab in the new tax regime
Budget 2024 Live Updates: 25 critical minerals to be exempted from customs duties
25 critical minerals to be exempted from customs duties & BCD on two of them to be reduced, says FM Sitharaman.
Budget 2024 Live Updates: Custom duties on gold, silver reduced to 6%
On precious metals, FM Sitharaman says, "I propose to reduce customs duties on gold and silver to 6% and 6.5% on
Budget 2024 Live Updates: Good news for phone buyers!
Union Finance Minister Nirmala Sitharaman says "Three cancer treatment medicines to be exempt from basic customs duty..."
Budget 2024 Live Updates: Basic customs duty (BCD) rate reduced on mobiles
FM Nirmala Sitharaman says that the government has reduced the basic customs duty (BCD) rate on mobile phones.
Budget 2024 Live Updates: Basic customs duty (BCD) rate reduced on mobiles
FM Nirmala Sitharaman says that the government has reduced the basic customs duty (BCD) rate on mobile phones.
Budget 2024 Live Updates: Vishnupad Temple and Mahabodhi Temple to get corridors
FM proposes to support the development of corridors at Vishnupad Temple and Mahabodhi Temple in line with Kashi Vishwanath Temple.
Budget 2024 Live Updates: Budget proposes interest subsidy scheme to facilitate loans for urban housing segment
The government on Tuesday proposed a central assistance of Rs 2.2 lakh crore for urban housing over the next five years as well as an interest subsidy scheme to facilitate loans at affordable rates for urban housing works. The announcements were made by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25.
Budget 2024 Live Updates: Assistance to flood-affected states like Assam, Himachal Pradesh
Govt to provide assistance to states like Assam and Himachal Pradesh for flood management and related projects, says FM.
Budget 2024 Live Updates: Phase IV of PM Gram Sadak Yojana
Govt will launch Phase IV of PM Gram Sadak Yojana in 25 rural habitations, which have become eligible due to population increase: FM.
Budget 2024 Live Updates: Govt to set up working women hostels, says FM
The government will set up working women hostels to promote the participation of women in the workforce, Finance Minister Nirmala Sitharaman said while presenting the Budget in the Lok Sabha on Tuesday. As mentioned in the interim budget, there is a need to focus on poor, women, youth and farmers, she said.
Budget 2024 Live Updates: PM Surya Ghar Muft Bijli Yojana
PM Surya Ghar Muft Bijli Yojana has been launched to install rooftop solar plans for 1 crore households.
Budget 2024 Live Updates: PM Garib Kalyan Anna Yojana extended for 5 years
FM Sitharaman said that the government has extended the PM Garib Kalyan Anna Yojana for five years which is benefiting 80 crore people in the country.
Budget 2024 Live Updates: Internship opportunities to 1 crore youth
Govt to launch scheme to provide internship opportunities to 1 crore youth in 500 top companies over 5 years: FM Sitharaman
Budget 2024 Live Updates: Focus on North East
100 branches of India Post Payments Bank to be set up in North East: FM.
Budget 2024 Live Updates: Special financial support Andhra Pradesh
Govt to facilitate special financial support for development of capital city in Andhra Pradesh: FM.
Budget 2024 Live Updates: Mudra Loan limit increased to Rs 20 lakh
FM Sitharaman said that the Mudra Loan will be enhanced to Rs 20 lakh from the existing Rs 10 lakh.
Budget 2024 Live Updates: Rs 26,000 crore for road projects in Bihar
Govt proposes Rs 26,000 crore for various road projects in Bihar, says FM in Lok Sabha.
Budget 2024 Live Updates: Financial support for loans up to Rs 10 lakh for higher education
Govt to provide financial support for loans up to Rs 10 lakh for higher education in domestic institutions, said FM. Also, 1,000 ITIs are to be upgraded in hub and spoke model.
Budget 2024 Live Updates: Farmers, employment take centrestage in Nirmala Sitharaman's historic 7th Budget; catch key takeaways here
Agriculture took centre stage yet again in Finance Minister Nirmala Sitharaman's Budget speech as she rose to present her historic seventh Budget in Parliament on July 23. CLICK HERE TO READ MORE
Budget 2024 Live Updates: Incentive to 30 lakh youth entering job market
Government to provide an incentive to 30 lakh youth entering the job market by providing 1 month PF contribution, says FM
Budget 2024 Live Updates: 3 schemes for employment-linked incentives
"Our govt will implement three schemes for employment-linked incentives as part of the Prime Minister's package. These will be based on enrollment in the EPFO and focus on recognition of the first-time employees and support to employees and employers," says Finance Minister Nirmala Sitharaman.
Budget 2024 Live Updates: Focus on natural farming
In the next 2 years one crore farmers will be initiated in natural farming, says FM Sitharaman in Lok Sabha
Budget 2024 Live Updates: FM lists 9 priorities
Budget's 9 priorities include productivity, jobs, social justice, urban development, energy security, infrastructure, and reforms: FM
Budget 2024 Live Updates: Rs 1.48 lakh crore for education, employment and skill
Budget for FY25 to provide Rs 1.48 lakh crore for education and employment and skill, says FM Sitharaman
Budget 2024 Live Updates: India's inflation continues to be stable, says FM
PM Garib Kalyan Ann Yojna was extended for 5 years benefiting 80 crore people. India's inflation continues to be stable and moving towards 4 per cent target; core inflation stands at 3.1 per cent, says the Finance Minister.
Budget 2024 Live Updates: Budget will be a consolidation of the 10 years of growth, says BJP MP Basavaraj Bommai
Ahead of the Union Budget, former Karnataka CM and BJP MP Basavaraj Bommai says, "Budget will be a consolidation of the 10 years of growth and will be the road to Viksit Bharat."
Budget 2024 Live Updates: Global economy is still in the grip of policy uncertainty, says Finance Minister
While presenting the Budget, the Finance Minister said that the global economy is still in the grip of policy uncertainty.
Budget 2024 Live Updates: People have faith in Modi govt
People of India have reinforced their faith in the government led by Prime Minister Modi and re-elected it for a third term: FM Sitharaman in Lok Sabha
Budget 2024 Live Updates: Nirmala Sitharaman begins her 7th Budget speech
Finance Minister Nirmala Sitharaman begins her 7th Budget speech. Her Budget for the fiscal beginning April 2024 (FY2024-25) is the Modi government's 13th straight Budget since 2014 (including two interim Budgets presented ahead of general elections in 2019 and 2024).
Union Budget 2024 Live: FM Sitharaman to present Modi 3.0's maiden Budget shortly
Finance Minister Nirmala Sitharaman to present Modi 3.0's maiden Budget shortly
Union Budget 2024 Live: Union Cabinet meets in Parliament ahead of Budget presentation
Union Cabinet headed by Prime Minister Narendra Modi met in Parliament on Tuesday to approve the Union Budget ahead of its presentation by Finance Minister Nirmala Sitharaman.
Union Budget 2024 Live: Rahul Gandhi reaches Parliament
Congress MP and LoP in Lok Sabha, Rahul Gandhi reaches Parliament ahead of the Union Budget presentation by Finance Minister Nirmala Sitharaman in Lok Sabha.
Union Budget 2024 Live: Union Budget 2024-25 mobile app - How to download
Finance Minister Nirmala Sitharaman will present the Union Budget 2024 to Parliament as part of the Budget session. You may watch Finance Minister Nirmala Sitharaman's Budget 2024 address live on the Indian government's official Union Budget website, indiabudget.gov.in.
Here's a step-by-step instruction for downloading the app
Go to the indiabudget.gov.in.
Click on Download mobile app
Click on Android app download
You will be directed to Google Playstore
Install app and Login to receive latest updates on Budget 2024
Union Budget 2024 Live: PM Modi reaches Parliament
PM Modi in Parliament, ahead of the presentation of Union budget by Finance Minister Nirmala Sitharaman
Budget 2024 Live Updates: When and where to watch live
Union Finance Minister Nirmala Sitraman will present the Budget at 11 am. Here's how to watch it LIVE
- Live stream on the official website of the Ministry of Finance (www.finmin.gov.in)
- Live stream on Sansad TV (both television channel broadcast and YouTube channel broadcast)
- Live stream on Doordarshan (both television channel broadcast and YouTube channel broadcast)
Budget 2024 Live Updates: Nirmala Sitharman's to create history with 7th straight Budget
Finance Minister Nirmala Sitharaman is set to create history today as she will present her seventh straight budget, surpassing the record of former prime minister Morarji Desai. Prime Minister Narendra Modi-led government's first budget of the third term in office is widely expected to reinforce post-pandemic fiscal consolidation efforts while pursuing the long-term objectives of Vikshit Bharat.
Budget 2024 Live Updates: Nirmala Sitharaman arrives at Parliament
Finance Minister Nirmala Sitharaman and her team reached at Parliament. She will present the first Budget in the third term of the Modi Government at 11 am.
Budget 2024 Live Updates: Nirmala Sitharaman meets President Droupadi Murmu
Finance Minister Nirmala Sitharaman and her team meet President Droupadi Murmu at Rashtrapati Bhavan. She will now head to Parliament to present the Budget at 11 am.
Budget 2024 Live Updates: J&K budget copies arrive in Parliament
Union Finance Minister Nirmala Sitharaman will present the estimated receipts and expenditure (2024-25) of the Union Territory of Jammu and Kashmir in Parliament today. Check out the visuals of J&K Budget copies in Parliament.
Budget 2024 Live Updates: Budget to focus on 'Sabka Saath Sabka Vikas'
Minister of State for Finance Pankaj Chaudhary said that the first Union Budget of the third Modi government will be based on his mantra of "Sabka Saath Sabka Vikas".
Budget 2024 Live Updates: Will the income tax slab change this time?
The spotlight would likely be on changes in the income tax structure to benefit taxpayers across all segments and on improving the ease of doing business in the country.
Budget 2024 Live Updates: Sensex opens in green ahead of Budget
Sensex climbs 264.33 points to 80,766.41 in early trade ahead of the Budget presentation; Nifty is up 73.3 points to 24,582.55.
Budget 2024 Live Updates: Sitharaman heads to Rashtrapati Bhavan
Sitharaman has left for Rashtrapati Bhavan to call on President Murmu, ahead of Budget presentation at 11 am in Parliament.
Budget 2024 Live Updates: Sitharaman showcases tablet wrapped in 'bahi-khata'-styled pouch
Union Finance Nirmala Sitharaman, along with her team, showcases tablet wrapped in 'bahi-khata'-styled pouch carrying the Budget documents, outside Finance Ministry in North Block.
Budget 2024 Live Updates: Sitharaman to come with Digital Bahi-Khata any time now
Union Finance Nirmala Sitharaman is expected to come out with her team and Digital Bahi-Khata any time now.
Budget 2024 Live Updates: Sitharaman to present seventh consecutive budget
Nirmala Sitharaman is set to present the Union Budget 2024 in Parliament today, marking her seventh consecutive budget and eclipsing the late Moraji Desai's record of six consecutive budgets, which is likely to focus on changes in the income tax structure and improving the ease of doing business in India.
Budget 2024 Live Updates: Sitharaman pictured wearing white saree with magenta border
The Finance Minister was pictured wearing a white silk saree with a magenta border as she arrived at the Ministry.
Budget 2024 Live Updates: Sitharaman arrives at the Ministry of Finance
Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance.
Budget 2024 Live Updates: Union Finance Minister Nirmala Sitharaman leaves from her Delhi residence
Union Finance Minister Nirmala Sitharaman leaves from her Delhi residence. She will table the Union Budget 2024 later today.
Budget 2024 Live Updates: Full schedule of Nirmala Sitharaman's Budget presentation
Budget 2024 Live Updates: Sitharaman will table the Union Budget 2024-25 at around 11 AM
Union Finance Minister Nirmala Sitharaman will table the Union Budget 2024-25 at around 11 AM today, for the seventh consecutive time.
Budget 2024 Live Updates: Economic Survey is very encouraging, says Dr KL Jain
Economic Survey is very encouraging. Retail inflation is at around 5.4 per cent. Foreign investments and investments in the private sector have increased. Export was good in the service sector," said Rajasthan Chamber of Commerce and Industry (RCCI) President Dr KL Jain.
Budget 2024 Live Updates: FM Nirmala Sitharaman to present Budget at 11 am
Budget 2024 Live Updates: Fiscal deficit at 4.5%
The government has projected a fiscal deficit at 4.5 per cent of the GDP in FY26.
Budget 2024 Live Updates: Over 34.7 cr Ayushman Bharat cards generated - Economic Survey
More than 34.7 crore Ayushman Bharat cards have been generated, said Finance Minister Nirmala Sitharaman on Monday, while tabling the Economic Survey document in Parliament today, a day ahead of the Union Budget announcement.
Budget 2024 LIVE Updates: Eco Survey projects doable 7% growth for FY25, says CEA Nageswaran
The Economic Survey has projected a prudent growth rate of 6.5-7 per cent for the current financial year, and much will depend upon the progress of the monsoon, says Chief Economic Advisor V Anantha Nageswaran.
Budget 2024 LIVE Update: Conservative growth estimate due to global uncertainties, experts on Eco Survey
The Economic Survey has projected a conservative growth of 6.5-7 per cent for the current fiscal year because of global uncertainties and various domestic challenges, says experts.
Economic Survey identifies areas for further growth as we move towards building Viksit Bharat: PM New Delhi
Prime Minister Narendra Modi on Monday said the Economic Survey highlights the prevailing strengths of the economy and identifies areas for further growth and progress as "we move towards building a Viksit Bharat".
Budget 2024 LIVE Update: Cong calls eco survey 'cherry-picked' view, says India in its most precarious economic situation
The Congress alleged on Monday that the Economic Survey released by the government presented a "cherry-picked" view of the economy and claimed that India is experiencing its "most precarious and difficult" economic situation in many years.
Budget 2024 LIVE Update: Economic Survey pegs India GDP growth at 6.5-7 pc, backs Chinese investment
The government's pre-Budget Economic Survey on Monday set a conservative growth forecast of 6.5 to 7 per cent for the current fiscal as it flagged the need for creating more jobs in the economy and backed more Chinese direct investments to boost exports.
Budget 2024 LIVE Update: Cut import duty on smartphone components in Budget - GTRI
Ahead of Budget 2024, GTRI has urged the government to cut import duty on smartphone components in the Budget as it could lead to an increase in superficial assembly plants that rely heavily on imported parts.
Budget 2024 LIVE Update: Nirmala Sitharaman set to make history today; all eyes on her 7th Budget speech
Finance Minister Nirmala Sitharaman will be making history today by presenting her 7th Union Budget in Parliament, starting at 11 am.
India's renewable energy sector to attract investments worth Rs 30.5 lakh cr by 2030 - Economic Survey
Mobilization of finance as well as investment on competitive terms and resolution of land acquisition issues are necessary for realising Rs 30.5 lakh crore investment required for meeting the target of having 500GW renewable energy in India by 2030, according to the Economic Survey.
Budget 2024 Live Updates, India Union Budget 2024-25: Tech like AI to determine economic prosperity of nations - Economy Survey
With artificial intelligence (AI) taking root in several spheres of economic activity, steering technological choices towards collective welfare is the key and employers owe it to themselves to strike a balance between deploying technology and labour, the Economic Survey said on Monday.
Budget 2024 Live Updates, India Union Budget 2024-25: Nirmala Sitharaman's Seventh Budget
Welcome to Zee Business' Live Blog on Budget 2024. Here, we will give you all the live updates related to announcements made by Finance Minister Nirmala Sitharaman, who is set to present a record seventh budget on Tuesday.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.